Saturday, May 17, 2014

Insurance Premiums Rising More Due to Obamacare

Insurance Premiums Rising More Due to Obamacare

by Hans Bader on May 16, 2014
 
There are “rate hikes for all” coming due to Obamacare, predicts The Daily Caller, citing state insurance filings:

Virginians will see upped health insurance premiums in 2015 . . . according to the filings from the first state to release any information about what Obamacare could bring next year. The premium proposals were submitted to the state insurance office for official approval and were made public Monday. Each health plan expects to increase its prices in 201 past nominal increases for inflation, the Wall Street Journal reports. Anthem HealthKeepers, run by WellPoint, expects to up its premiums on and off Virginia’s Obamacare exchange by an average of 8.5 percent. . . others will see increases up to 16.6 percent. The fees are due to a multitude of Obamacare worries, including sicker new customers, an influx of demand for health care services from the newly insured and a plethora of new Obamacare taxes.

Big increases in premiums and deductibles are coming after the November election, notes The Fiscal Times. As we noted earlier, Washington, D.C., recently imposed a one-percent health-insurance tax in the city to pay for the ballooning costs of its Obamacare health insurance exchange, increasing costs for both employers and individuals. Obamacare has increased the cost of employer-provided health insurance in the District of Columbia, as predicted by experts, who warned that small employers especially “may see their rates increasein the city. Hot Air proclaims, “get ready for the next round of Obamacare price spikes.”…...To Read More......

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